{
  "id": 5896317,
  "title": "Bitcoin is trading more like an ‘amplified version of gold’ again, but the four-year cycle theory threatens further declines",
  "url": "https://urgent.news/2026/09/04/bitcoin-is-trading-more-like-an-amplified-version-of-gold-again-but-5896317",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T20:29:25.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/crypto/articles/bitcoin-trading-more-amplified-version-202925804.html"
  },
  "original_language": "en",
  "account": "Bitcoin has reached a multi-month high this week as investors have treated it more like a safe haven compared to earlier in the year when it traded more like a risk-on asset. The cryptocurrency recently broke out of a $60,000 to $70,000 range and hit a four-month high of $82,262 before retracing some gains. At its current price of around $79,800, Bitcoin is near its highest level since May. Bitwise's Andre Dragosch noted that the recent upswing is due to investors viewing Bitcoin as a store of value rather than a risky tech stock. This shift in perception comes as Treasury Secretary Scott Bessent proposed increasing the Treasury's buybacks of long-dated bonds, which raised concerns about financial repression and elevated 30-year yields to their highest level in nearly two decades. Bitcoin's correlation with gold has neared a six-year high as investors become more risk-averse, making it seem more like an amplified version of gold. However, this correlation could be a temporary phenomenon, as the last time Bitcoin and the dollar were this closely correlated was in 2020 during the COVID-19 pandemic. Some traders also believe the four-year cycle theory could lead to a bear market bottom sometime in November 2026, four years after the last bear market bottom in November 2022. While this theory may not necessarily predict a downslide later this year, having a long-term perspective is generally considered the most beneficial for investors.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "Larry Fink now calls Bitcoin ‘digital gold’ after once calling it ‘an index of money laundering’",
        "url": "https://urgent.news/2026/09/04/larry-fink-now-calls-bitcoin-digital-gold-after-once-calling-it-an",
        "published": "2026-09-04T15:30:00.000Z"
      },
      {
        "outlet": "Fortune",
        "title": "Bitcoin is trading more like an ‘amplified version of gold’ again, but the four-year cycle theory threatens further declines",
        "url": "https://urgent.news/2026/09/04/bitcoin-is-trading-more-like-an-amplified-version-of-gold-again-but",
        "published": "2026-09-04T20:29:25.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}